Post-Earnings-Announcement Drift

Bernard, V. L., & Thomas, J. K. (1989). Post-Earnings-Announcement Drift: Delayed Price Response or Risk Premium?. Journal of Accounting Research, 1-36.

Type

Journal article

Intellectual base

Primary research

Year

1989

Pages

1-36

DOI

10.2307/2491062

DOI registrant

JSTOR

Link

https://doi.org/10.2307/2491062

Cited by

1 citation across 1 artifact.

Each citation links to the sentence it supports in the citing article.

Mechanisms

• Post-Announcement Drift Analysis
  • This is the classic post-earnings-announcement drift pattern

    This sourceDocuments post-earnings-announcement drift as a delayed price response in the direction of the earnings surprise.

Verification

Does it exist? Confirmed. This work's DOI resolves to a registered record, which fixes its identity. That is all it fixes.

Does it back the claim? Not recorded. The single citation of this work carries no recorded support check.

Support is checked per citation rather than per work — the same source can be cited soundly in one article and wrongly in another. Per-citation recording began recently, so a citation with no recorded check is a gap in the record rather than evidence it went unchecked.

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Registry ID ref:daa66a034994 · see in the full table